Investec funds £35m loan for Brighton mixed-use development

Investec Structured Property Finance has agreed to provide a £35m three-year loan to mixed?use developer First Base and pan-European investor Patron Capital for a scheme in Brighton.

The Edward Street Quarter project will comprise 110,000 sq ft of Grade-A workspace, 40,000 sq ft of leisure space and 168 for sale and build-to-rent houses.

The development will be delivered by McLaren Construction and is expected to be completed by autumn 2021.

Daniel Carlisle at Investec Structured Property Finance commented: “Edward Street Quarter is one of the most ambitious regional redevelopments in the UK, and reflects Investec’s growing reputation as a lending partner of choice for transformational placemaking schemes which incorporate the latest trends in how people want to live and work.”

Steve Eccles, project director at First Base, added: “Working with Investec and Patron Capital we are bringing to market much-needed workspace, helping to retain Brighton’s thriving business community, while delivering a renewed city centre neighbourhood.”

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